Five Stocks Recommended in the Midst of IHSG's Variative Movement Projection Today

JAKARTA - The Composite Stock Price Index (JCI) is predicted to move variably in today's trading, Thursday, May 21, after yesterday closed down 0.82 percent to 6,318.5.

Phintraco Sekuritas in its research said that the perpetrators responded to President Prabowo's speech at the DPR Plenary Meeting conveying the Macro Economic Framework and Fiscal Policy Elements (KEM-PPKF) of the 2027 fiscal year budget and announced the Government's plan to require the export of natural resource commodities to be carried out through state-owned enterprises appointed by the Government as the sole exporter.

In addition, the President also instructed the Himbara Bank to lower the interest rate for small-scale people.

Meanwhile, BI raised the BI Rate by 50 bps to 5.25 percent at the May 2026 RDG, above the expectation of 5 percent on Wednesday, May 20. This encouraged the strengthening of the rupiah by 0.29 percent at the level of Rp17,654 per US dollar.

Technically, the Stochastic RSI is in the oversold area and has the potential to form a Golden Cross. However, the widening of the negative MACD histogram continues.

"So it is estimated that the JCI will move variably in the range of support 6,200-6,250 and resistance at 6,400-6,450," wrote Phintraco Securities.

Meanwhile, BRI Danareksa Sekuritas recommends five stocks for today's trading, namely LCKM, OASA, MPOW, IRSX, and PIPA.